Malaysia-based subsea cable installation company, OMS Group, has announced that it has allocated USD 300 million for investments to expand its global submarine cable systems and terrestrial infrastructure. This allocation follows KKR's investment in OMS Group in 2023, TelecomTalk reported.
Also Read: Subsea Cable Company OMS Group Secures USD 400 Million Investment
Supporting Digital Transformation
"Our focus is on expanding our submarine cable systems and terrestrial infrastructure to meet the growing demands of the digital landscape," the company said. This move aims to enhance connectivity across key regions, addressing the increasing demand for data centers and cloud services.
Investment in Terrestrial Backhaul Systems
"This expansion highlights our established capabilities, ensuring our clients can rely on our proven experience and infrastructure as we grow to meet their evolving needs," said the chairman of OMS Group.
"As we continue our journey at OMS Group, I am proud to underscore our ongoing investments in vessels, subsea networks through MIST, and robust terrestrial backhaul systems. These initiatives form a critical backbone for the region's digital economy and reinforce our commitment to comprehensive connectivity solutions," the chairman added in a LinkedIn post.
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With the explosive growth of data centers and cloud services, this investment is crucial for supporting businesses and organisations in their connectivity needs, the company said.
